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PI:5-58 (similar to) Question Help 0 Alice has $46,000 AGI without considering the following information. During the year, she incurs an LTCL of $12,000 and
PI:5-58 (similar to) Question Help 0 Alice has $46,000 AGI without considering the following information. During the year, she incurs an LTCL of $12,000 and has a gain of $19,000 due to the sale of a capital asset held for more than a year. Read the requirements. as a. If the $19,000 gain is not properly classified as an LTCG (i.e., is improperly treated as an ordinary gain), determine Alice's AGI. b. If the $19,000 gain is properly classified as an LTCG, determine her AGI. c. If Alice has a $5,000 STCL carryover from earlier years, how would the answers to Parts a and b be affected
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